C5L2 Flashcards
1
Q
tariffs are
A
taxes on imports or exports
2
Q
interstate commerce is
A
trade between two or more states
3
Q
When does inflation occur?
A
Inflation occurs when there are increased prices for goods and services combined with the reduced value of money.
4
Q
What is depression?
A
Depression is a period of low economic activity combined with a rise in unemployment.
5
Q
Who is Daniel Shays?
A
Daniel Shays led hundreds of men in a forced shutdown of the Supreme Court in Springfield, Massachusetts
6
Q
What is Shays Rebellion?
A
Shays Rebellion is the uprising of farmers to protest high taxes and heavy debt.
